Eastside Distilling(EAST)

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Eastside Distilling(EAST) - 2022 Q2 - Earnings Call Transcript
2022-08-12 15:04
Eastside Distilling, Inc. (NASDAQ:EAST) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Heather Whyte - Vice president of Human Resources Geoffrey Gwin - Interim Chief Executive Officer and Chief Financial Officer Tiffany Milton - Controller Conference Call Participants Kelvin Seetoh - Crater Lake Operator Good afternoon and welcome to the Eastside Distilling Third Quarter 2022 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instr ...
Eastside Distilling(EAST) - 2022 Q1 - Earnings Call Transcript
2022-05-17 03:43
Eastside Distilling, Inc. (NASDAQ:EAST) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Amy Brassard - Corporate Affairs Director and Corporate Secretary Geoffrey Gwin - Interim Chief Executive Officer and Chief Financial Officer Tiffany Milton - Controller Amy Lancer - Chief Commercial Officer Conference Call Participants Sean McGowan - ROTH Capital Partners Kelvin Seetoh - Crater Lake Ross Taylor - ARS Investment Partners Bjorn Ng - 10x Capital Operator Good day and welcome t ...
Eastside Distilling(EAST) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Common Stock, $0.0001 par value EAST The Nasdaq Stock Market LLC (Title of Each Class) (Trading Symbol) (Name of Each Exchange on Which Registered) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______ ...
Eastside Distilling(EAST) - 2021 Q4 - Earnings Call Transcript
2022-03-31 03:36
Eastside Distilling, Inc. (NASDAQ:EAST) Q4 2021 Earnings Conference Call March 30, 2022 5:00 PM ET Company Participants Geoffrey Gwin - Interim CEO and CFO Amy Brassard - Corporate Affairs Director and Corporate Secretary Tiffany Milton - Controller Amy Lancer - Chief Commercial Officer Conference Call Participants Harold Weber - Aegis Capital Ross Taylor - ARS Investment Partners Matt Campbell - Lourde Capital Operator Good day, and welcome to the Eastside Distilling Fourth Quarter and Yearend 2021 Financi ...
Eastside Distilling(EAST) - 2021 Q4 - Annual Report
2022-03-29 16:00
U. S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Common Stock, $0.0001 par value EAST The Nasdaq Stock Market LLC (Title of Each Class) (Trading Symbol) (Name of Each Exchange on Which Registered) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commissi ...
Eastside Distilling, Inc.'s (EAST) CEO Geoffrey Gwin on Business Update Conference Call (Transcript)
2022-02-17 02:18
Eastside Distilling, Inc. (NASDAQ:EAST) Business Update Conference Call February 16, 2022 5:00 PM ET Company Participants Tiffany Milton - CPA Controller Geoffrey Gwin - Interim Chief Executive Officer & Chief Financial Officer Amy Lancer - Chief Commercial Officer of Spirits Conference Call Participants Bjorn Ng - 10X Capital Sean McGowan - ROTH Capital Partners Ross Taylor - ARS Investment Partners Kelvin Seetoh - 10X Capital Operator Good day, and welcome to the Eastside Distilling Business Update Confer ...
Eastside Distilling(EAST) - 2021 Q3 - Earnings Call Transcript
2021-11-16 01:24
Financial Data and Key Metrics Changes - Q3 2021 consolidated revenue decreased by 23% compared to the previous year, primarily due to the Craft Canning and Bottling division [9] - Q3 2021 sales were reported at $3.3 million, down from $4.3 million in the prior year [30] - Spirits net sales remained flat at $1.4 million compared to the prior year [30] - Adjusted EBITDA loss improved by 16% year-over-year, amounting to a loss of $611,000 [35] - Net loss per share was $0.32, compared to $0.17 in the previous year [35] Business Line Data and Key Metrics Changes - Craft Canning division experienced a 32% year-over-year decrease in revenue due to lower demand [10] - Spirits division's 9-liter case volume was down 7%, but when adjusted for discontinued products, volume was up 8% year-over-year [14] - Burnside's gross profit margin improved year-over-year despite lower case sales due to price increases and focus on higher-margin SKUs [31] Market Data and Key Metrics Changes - The Craft Canning market has seen a shift as on-premise sales return, reducing demand for mobile canning services [52] - The company is pivoting to service a broader beverage market beyond craft beer, including kombucha, energy drinks, and ready-to-drink beverages [53] Company Strategy and Development Direction - The company is focused on a three-year strategic growth plan, emphasizing the need for adequate liquidity to support operations and growth initiatives [19][29] - A shift in distribution strategy is underway, moving from large distributors to smaller, craft-focused distributors to enhance engagement and sales velocity [75] - The company plans to leverage partnerships, such as with Frito-Lay, to enhance product offerings and marketing strategies [82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround progress, indicating that 80% to 90% of the turnaround is complete [39] - The company is optimistic about future growth, particularly in the spirits division, as it focuses on premium and craft-oriented products [74] - Management highlighted the importance of marketing investments in markets with established distribution to drive brand awareness and sales [44] Other Important Information - The company has secured a new 50,000 square-foot facility for craft operations, which will house new equipment and support growth initiatives [11] - A five-year agreement with O-I Packaging Solutions for glass bottle supply is being finalized to ensure product availability [15] Q&A Session Summary Question: What stage of the turnaround is the company currently at? - Management indicated that the company is in the latter stages of the turnaround, with most issues addressed [39] Question: How is the marketing strategy evolving, especially with the partnership with the Portland Trail Blazers? - Management confirmed an increased willingness to invest in marketing, focusing on markets with strong distribution and consumer demand [42][44] Question: How will the digital can printing and pasteurizer impact sales and margins for Craft Canning? - Management explained that these innovations will allow the company to service a broader beverage market and improve operational efficiency [52][56] Question: What feedback has been received from current Craft Canning customers regarding market shifts? - Management noted that many small brewers are investing in their own equipment and shifting back to keg business, impacting demand for mobile canning [62][63] Question: What is the significance of the partnership with Frito-Lay? - Management emphasized the importance of craftsmanship and micro-marketing capabilities that attracted Frito-Lay to partner with the company [82]
Eastside Distilling(EAST) - 2021 Q3 - Quarterly Report
2021-11-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Common Stock, $0.0001 par value EAST The Nasdaq Stock Market LLC (Title of Each Class) (Trading Symbol) (Name of Each Exchange on Which Registered) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to __ ...
Eastside Distilling(EAST) - 2021 Q2 - Earnings Call Transcript
2021-08-13 21:30
Eastside Distilling, Inc. (NASDAQ:EAST) Q2 2021 Earnings Conference Call August 12, 2021 5:00 PM ET Company Participants Amy Brassard – Head of Investor Relations Paul Block – Chairman and Chief Executive Officer Geoffrey Gwin – Chief Financial Officer Conference Call Participants Bjorn Ng – 10X Capital Ross Taylor – ARS Investment Partners Harold Weber – Aegis Capital Operator Good evening, and welcome to the Eastside Distilling Reports Second Quarter 2021 Financial Results Conference Call. All participant ...
Eastside Distilling(EAST) - 2021 Q2 - Quarterly Report
2021-08-11 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Common Stock, $0.0001 par value EAST The Nasdaq Stock Market LLC (Title of Each Class) (Trading Symbol) (Name of Each Exchange on Which Registered) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______ ...